In this week’s installment of our PureVest Weekly Roundup, we looked at the Biden administration’s announcement to cancel $10,000 in student loan debt. Apple scheduled an event for September 7th; where the I-phone 14 is expected to be announced. We included 2 articles about the current state of the housing market as home prices fell for the first time in 3 years. Peloton agreed to start selling their products on Amazon as they continue to try and restructure their troubled business. Also, California plans to ban the sale of new gas powered cars by 2035; but resales will still be allowed. Finally, we wrapped it up with an explanation of the PEG ratio which is an alternative to the more popular PE ratio; and a great way to value a growth stock. Enjoy the light reading and have a great weekend!
Markets & Economy:
Biden to Cancel $10,000 in Student Debt; Low-Income Students Are Eligible for More
source:www.cnn.com
Apple sends invites for Sept. 7 launch event, new iPhone 14 expected
source:www.icnbc.com
California is poised to phase out sales of new gas-powered cars
source:www.npr.org
Peloton strikes a deal to sell fitness equipment and apparel on Amazon
source:www.cnbc.com
Where Will Housing Go From Here?
source: www.fa-mag.com
source: www.cnbc.com
Education:
What’s Considered a Good PEG Ratio?
source: www.investopedia.com